A Real Estate Analyst Believes That the Three Main Factors

Multiple Choice

A real estate analyst believes that the three main factors that influence an apartment's rent in a college town are the number of bedrooms,the number of bathrooms,and the apartment's square footage.For 40 apartments,she collects data on the rent (y,in $) ,the number of bedrooms (x₁) ,the number of bathrooms (x₂) ,and its square footage (x₃) .She estimates the following model: Rent = β₀ + β₁ Bedroom + β₂ Bath + β₃Sqft + ε.The following table shows a portion of the regression results. When testing whether the explanatory variables Bath and Sq ft are jointly significant,the p-value associated with the test is 0.0039.At the 5% significance level,she __________________________________________________________.

A) rejects H₀,and concludes that neither of the explanatory variables is significant in explaining Rent
B) does not reject H₀,and concludes that neither of the explanatory variables is significant in explaining Rent
C) rejects H₀,and concludes that at least one of the explanatory variables,Bath and/or Sq ft,is significant in explaining Rent
D) does not reject H₀,and concludes that at least one of the explanatory variables,Bath and/or Sq ft,is significant in explaining Rent